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The detriment can be a deprivation of an employee's faithful and honest services if a violation of the employee's duty to disclose material information is involved.... Materiality exists whenever "an employee has reason to believe the information would lead a reasonable employer to change its business conduct"..
Possession of nonpublic material information is required to convict someone of insider trading charges.
Figuring out what exactly constitutes material information is largely an exercise in futility because the Supreme Court has adopted a definition so vague that almost any tidbit about a company could fall within it.
Hence, no comprehensive material information is available to the architect.
"Investing without critical and promised material information is investing in the dark".
Material information is defined as anything that would cause a reasonable investor to buy or sell stock.
Similar(52)
The SEC does not comment about investigations, but presumably one will follow into whether "material" information was disclosed or not.
They do not require, as they do in Britain, that all material information be disclosed on a continuous basis.
"To our knowledge, no material information was compromised during this incident, which occurred several years ago," said Alcoa's Monica Orbe.
WRT's director, Steven Lowy, said the decision to adjourn the meeting was the right thing to do, considering that "new material" information was presented earlier in the day.
If material information were reported more frequently, the potential rewards of insider trading might diminish, James Surowiecki writes in his column in The New Yorker.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com